Most of us visit our local jewellery shop to buy gold jewellery and ornaments especially around Akshaya Tritya and Dhanteras. One can now even buy gold jewellery online as well. But how do you check if the gold that you have purchased is pure or not? For this, the Bureau of Indian Standards (BIS), a government body, certifies the purity of gold bought by you. The process of certifying the purity of gold called is hallmarking. According to the BIS website, there are two principle objectives of the hallmarking scheme: a) To protect the public against adulteration b) To obligate…
Author: Miley Selena
Indians have a tradition of buying gold in the form of jewellery, coins etc. especially around Akshaya Tritya, Dhanteras and Diwali. Although we spend hours at the local jeweller selecting what we want, we usually don’t question the price quoted. This is wrong. You should not blindly trust the price quoted by the jeweller as there are many factors that affect the final amount that you will be paying such as gold price, making charges, value of gems etc. At present, there is not standard invoicing pattern in the country and prices vary from jeweller to jeweller. Sandeep Kulhalli, senior…